Florida Rock Industries, Inc.'s Board Approves Increase in Stock Repurchase Authorization
02 Agosto 2006 - 5:43PM
Business Wire
Florida Rock Industries, Inc. (NYSE:FRK) announced today that its
Board of Directors has approved an increase in the authorization to
repurchase Florida Rock Industries, Inc.'s common stock to $200
million. Stock repurchases under this authorization may be made
from time to time through open market and privately negotiated
transactions at such times and in such amounts as management deems
appropriate and will be funded using the Company's working capital.
Repurchases under this authorization will be made in compliance
with the rules of the Securities and Exchange Commission. The stock
repurchase authorization may be limited or terminated at any time
by the Board of Directors without prior notice, and Florida Rock
has no obligation to make any repurchases under the authorization.
Florida Rock Industries, Inc. is one of the nation's leading
producers of construction aggregates, a major provider of
ready-mixed concrete and concrete products in the Southeastern and
Mid-Atlantic States and a significant supplier of cement in Florida
and Georgia.
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